BITCOIN SV - BSV/USD - 1H - Technical analysis published on 01/19/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 43.79 USD
My targets
41.95 USD (-1.62%)
40.61 USD (-4.76%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN SV - BSV/USD as long as the price remains well below 43.79 USD. The next bearish objective for sellers is set at 41.95 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 40.61 USD. If there is any crossing, the next objective would be the support located at 35.58 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN SV - BSV/USD rating is 42.64 USD. On the day, this instrument lost -0.12% and was between 42.16 USD and 43.24 USD. This implies that the price is at +1.14% from its lowest and at -1.39% from its highest.42.16
43.24
42.64
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this BITCOIN SV - BSV/USD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 35.58 | 40.61 | 41.95 | 42.64 | 43.79 | 45.10 | 46.72 |
| Change (%) | -16.56% | -4.76% | -1.62% | - | +2.70% | +5.77% | +9.57% |
| Change | -7.06 | -2.03 | -0.69 | - | +1.15 | +2.46 | +4.08 |
| Level | Intermediate | Major | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.17 | 40.04 | 41.36 | 43.23 | 44.55 | 46.42 | 47.74 |
| Camarilla | 41.81 | 42.11 | 42.40 | 42.69 | 42.98 | 43.28 | 43.57 |
| Woodie | 37.91 | 39.90 | 41.10 | 43.09 | 44.29 | 46.28 | 47.48 |
| Fibonacci | 40.04 | 41.26 | 42.01 | 43.23 | 44.45 | 45.20 | 46.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.39 | 31.48 | 38.53 | 42.62 | 49.67 | 53.76 | 60.81 |
| Camarilla | 42.51 | 43.53 | 44.55 | 45.57 | 46.59 | 47.61 | 48.63 |
| Woodie | 28.86 | 32.22 | 40.00 | 43.36 | 51.14 | 54.50 | 62.28 |
| Fibonacci | 31.48 | 35.74 | 38.37 | 42.62 | 46.88 | 49.51 | 53.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.29 | 34.08 | 37.62 | 43.41 | 46.95 | 52.74 | 56.28 |
| Camarilla | 38.58 | 39.44 | 40.30 | 41.15 | 42.01 | 42.86 | 43.72 |
| Woodie | 27.16 | 33.52 | 36.49 | 42.85 | 45.82 | 52.18 | 55.15 |
| Fibonacci | 34.08 | 37.65 | 39.85 | 43.41 | 46.98 | 49.18 | 52.74 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.94 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | -15.21 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 42.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 42.94 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 43.70 | |
| Zig ZAG (10): | 42.77 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 51.85 | |
| TEMA (21): | 42.67 | |
| Williams %R (14): | -40.74 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | 0.7200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 0.67 |
| MA7: | 44.06 | |
| MA20: | 43.11 | |
| MA50: | 43.48 | |
| MA100: | 43.73 | |
| MAexp7: | 42.77 | |
| MAexp20: | 42.87 | |
| MAexp50: | 43.34 | |
| MAexp100: | 43.72 | |
| Price / MA7: | -3.22% | |
| Price / MA20: | -1.09% | |
| Price / MA50: | -1.93% | |
| Price / MA100: | -2.49% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -0.54% | |
| Price / MAexp50: | -1.62% | |
| Price / MAexp100: | -2.47% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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